OBJECTIVE:
Income tax changes and evolves over time. “Keeping up” is a continuous process. Unfortunately, many professionals don’t have the time or resources and consequently fall behind. The course offers the opportunity to “catch up” on a several recent years of changes at one time.

Five years may seem like a relatively short period of time; but in the world of accounting, half of a decade can represent eons of important developments. This seminar provides an opportunity for busy professionals to quickly become knowledgeable about crucial tax updates in a single seminar by reviewing the most important federal income tax developments that have occurred over the last five years. Busy professionals can quickly become knowledgeable about crucial tax updates in a single seminar.

WHO WILL BENEFIT:
While this seminar will benefit any accounting professionals seeking to update their knowledge on income tax developments, the session particularly targets those in public practice, industry, or the public sector who feel that they have lagged behind with recent income tax developments.

LEARNING OUTCOMES:
By the end of the course, participants will be able to:

• identify how the income tax scene has changed,
• distinguish current rules from former rules and recognize the significance of the changes,
• discover the new pitfalls, strategies and opportunities, and
• identify areas for further study or in-depth instruction.

Content:
In this seminar you will gain knowledge about the following topics:

• Calculation of income
• Expenses and deductions
• Capital cost allowance
• Taxation of gains
• Retirement saving
• Income splitting
• Tax credits
• Rules that defer, deem, trigger, prevent, or reduce tax
• Federal income tax rates
• Income tax administration
• Various other developments

PREREQUISITES:
A comprehensive understanding of basic corporate and personal income tax

COURSE LEADER: HUGH NEILSON, FCPA, FCA, TEP